Vishal Mega Mart IPO : GMP , IPO PRICE , DATE , REVIEW.
8 December, 2024
Vishal Mega Mart, one of India’s leading retail chains catering to middle and lower-income groups, is set to go public. Known for its expansive network of 645 stores across 414 cities and an omnichannel presence, the company focuses on apparel, general merchandise, and FMCG products.
IPO Specifics:
Date of IPO: December 11, 2024, opens, and December 13, 2024, shuts.
Price range for each share: ₹74–₹78.
Issue Size: 8,000 crores, with Kedaara Capital and its promoters offering the entire amount as an Offer for Sale (OFS).
190 shares (₹14,820 at the upper price band) is the minimum investment.
Listing: December 18, 2024 (tentative) on the NSE and BSE.
Grey Market Premium (GMP): As of December 7, 2024, the IPO’s GMP is ₹19, indicating a possible upside of 24.36% from the upper price range, with an estimated listing price of ₹97 per share.
Financial Results: Vishal Mega Mart has had strong expansion.
Revenue for FY 2024 increased from ₹7,586.04 crore in FY 2023 to ₹8,911.95 crore.
FY 2024 net profit: ₹461.94 crore, with increasing profit
Date of IPO: December 11, 2024, opens, and December 13, 2024, shuts.
Price range for each share: ₹74–₹78.
Issue Size: 8,000 crores, with Kedaara Capital and its promoters offering the entire amount as an Offer for Sale (OFS).
190 shares (₹14,820 at the upper price band) is the minimum investment.
Listing: December 18, 2024 (tentative) on the NSE and BSE.
Grey Market Premium (GMP): As of December 7, 2024, the IPO’s GMP is ₹19, indicating a possible upside of 24.36% from the upper price range, with an estimated listing price of ₹97 per share.
Financial Results: Vishal Mega Mart has had strong expansion.
Revenue for FY 2024 increased from ₹7,586.04 crore in FY 2023 to ₹8,911.95 crore.
FY 2024 net profit: ₹461.94 crore, with increasing profit
margins from FY 2023’s 4.24% to FY 2024’s 5.18%
Examine: The IPO is rated as a “Subscribe” by market analysts due to its solid growth trajectory, market position, and acceptable valuation. However, the corporation will not directly profit from the funds due to the nature of the offer (pure OFS). Investors should also take into account the risks related to the retail industry and market mood.
In conclusion
With solid fundamentals and encouraging GMP trends, the Vishal Mega Mart IPO seems to be a good venture. As long as it fits with their risk tolerance, it’s something to think about for investors looking to get a taste of the retail industry.
You instructed me to make a blog post about Vishal MegaIPO of Mart. What are its GMP, price, review, opening date, and other specifics?
According to ChatGPT:Examine: The IPO is rated as a “Subscribe” by market analysts due to its solid growth trajectory, market position, and acceptable valuation. However, the corporation will not directly profit from the funds due to the nature of the offer (pure OFS). Investors should also take into account the risks related to the retail industry and market mood.
In conclusion
With solid fundamentals and encouraging GMP trends, the Vishal Mega Mart IPO seems to be a good venture. As long as it fits with their risk tolerance, it’s something to think about for investors looking to get a taste of the retail industry.
You instructed me to make a blog post about Vishal MegaIPO of Mart. What are its GMP, price, review, opening date, and other specifics?
ChatGPT
Vishal Mega Mart IPO: Important Information, GMP, Cost, Evaluation, and Schedule
One of the most anticipated initial public offerings (IPOs) in the Indian retail industry for 2024 is the Vishal Mega Mart IPO. Here is a thorough analysis of its key features:
Overview of the Company
One of the top retail chains that caters to middle-class and lower-middle-class consumers is Vishal Mega Mart. The company operates in the FMCG, general merchandise, and apparel sectors and has 645 outlets spread over 414 Indian cities. Its omnichannel presence via its website and app, IPO CENTRAL NDTV PROFIT, supports its quick growth.
Details of the IPO
Date of Opening: December 11, 2024
Date of Closure: December 13, 2024
Price range: ₹74–₹78
